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1685 Jefferson Avenue

Amir Ahdoot Purchases Multifamily Property At 1685 Jefferson Avenue From Scott Fitzgerald For $4.23M
SOLDMultiFamily

Amir Ahdoot Purchases Multifamily Property At 1685 Jefferson Avenue From Scott Fitzgerald For $4.23M

1685 Jefferson Avenue

$4,226,000

$563/SF

Building Size

7,500 SF

Asset Type

MultiFamily

Closing

May 28, 2025

AI

The property located at 1685 Jefferson Avenue in Miami Beach is a multifamily asset encompassing a total square footage of 7,500. The sale was finalized on May 29, 2025, with a transaction amount of $4,226,000, which equates to a price per square foot of $563.

Summary of transaction details:

The individuals involved in this transaction include Amir Ahdoot as the buyer and Scott Fitzgerald as the seller. The brokerage team comprises Tony Saladrigas and Carlos Fausto Miranda, who are representatives from Fausto Commercial Realty Consultants, along with Irena Taneva from Sotheby's International Realty, who also played a significant role in the deal.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker
Fausto Commercial Realty Consultants
Fausto Commercial Realty ConsultantsBrokerage

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.75%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93